In Washington, Jonathan Silver leaving his post as head of the DOE Loan Guarantee Program, to become a Distinguished Visiting Fellow at Third Way. Secretary Steven Chu said: Statement from Third Way: “In early July, shortly after the fiscal year 2011 budget was completed by Congress and it became clear that no significant new funds […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 0.85 percent to 66.44 as biodiesel and refining stocks dropped. For the day, Archer Daniels Midland (ADM) slipped 0.16 percent to $25.45, while Solazyme (SZYM) lost 4.88 percent to $8.57. Among other equities, Mission NewEnergy (MNEL) fell 22.42 percent to $2.63. Overall, advances […]
Today, subscribers can begin to cast their ballots for the 50 Hottest Companies in Bioenergy. Balloting will be open to the registered subscribers of the Biofuels Digest e-newsletters, through Monday October 31st at 5pm EST. Digest subscribers can receive their copy of the free, 370 page Selectors Data Book – including dozens of company profiles, […]
In the UK, leading retail company, John Lewis, is using waste cooking oil from its in-store restaurants to produce biodiesel to power a Jungheinrich counterbalanced forklift truck at its distribution center at Brackmills, Northamptonshire. The oil is collected directly from shop stores by John Lewis’s own delivery vehicles and brought back to the Northampton center […]
In Florida, Dyadic International announced that it has completed a private placement of $3,000,000 in convertible subordinated secured promissory notes (the “Notes”) to five investors. The Notes will pay interest quarterly at a rate of 8% per annum and are convertible at the holder’s option into shares of Dyadic common stock. Unless converted, the Notes […]
In Minnesota, Corn Plus, an ethanol cooperative that produces 49 million gallons of ethanol per year, is accused of reporting that its pollution-control equipment was working when company officials allegedly knew it was not. Corn Plus was charged in federal court with violating the Clean Air Act. The Company pleaded guilty two years ago to […]
In Minnesota, BioCee announced an asset purchase and license agreement to access certain technology from Verenium Corporation, a leading industrial biotechnology company focused on the development and commercialization of high-performance enzymes, for the development of an environmentally-friendly biological method of removing sulfur from oil and oil distillates. Under terms of the agreement, BioCee is granted […]
In Tanzania, a jatropha biodiesel project owned by UK company, Sun Biofuels Plc., is facing financial trouble. Employees and casual workers of the Company report that work at the Kisarawe jatropha farm came to a halt last week when managers informed over 300 workers to collect their terminal benefits and leave until further notice. The […]
In California, Dow Electrical & Telecommunications announced plans to develop algal oils with Solazyme, Inc. for use in bio-based Dielectric Insulating Fluids (DIFs). The estimated $2 billion DIF market represents more than 500 million gallons of opportunity for strategic partners like Dow E&T and Solazyme, Inc. Tim Laughlin, General Manager, Dow Electrical & Telecommunications commented […]
In Washington, Reps. Bob Goodlatte (R-VA) and Jim Costa (D-CA) are pushing legislation that would require the EPA to waive a portion of the annual Renewable Fuel Standard (RFS) when the corn stocks-to-use ratio falls below 10 percent. The RFA’s Geoff Cooper comments: “A primary concern is the fact that a decision with annual implications […]
